Longtime 1Password CEO Jeff Shiner moves to executive chair, hands reins to David Faugno
Shiner calls Faugno “the right leader for where we’re going next.”
AI
Canadian drone maker ZenaTech expands US presence “earlier than expected” in response to Trump policies
It is now “dramatically easier and faster” for Toronto drone company to sell directly to the military.
Quandri secures $16.5 million CAD to help North American insurance firms automate renewals with AI
BC sibling-founders gear up to hire 40 employees and open a Boston office.
Uberflip co-founder secures $1 million to help families pass down valuables with Trusty
Repeat tech entrepreneur Randy Frisch sees potential to build a “modern letter of wishes.”
GreenSky closes $23.5-million sixth fund with help from new managing partner Jeff Brunet
NBIF becomes LP as Toronto firm dips its toes into institutional investor pool.
Cohere to open South Korean office, expand AI offerings in Asia Pacific
Enterprise AI developer partnered with tech giant LG and South Korean government for AI diplomacy program.
Moonvalley raises additional $84 million USD to meet demand for its Hollywood-friendly AI video generator
Toronto-based company has raised $154 million since founding in 2023.
Pharmacy AI agent Asepha raises $4 million USD to double staff and open New York office
Asepha answers the phone and files prescriptions so your pharmacist doesn’t have to.
Tailscale CEO Avery Pennarun says pressure to adopt AI has created a “Wild West” for corporate cybersecurity
Pennarun wants companies to stop putting their private API servers on the public internet.
Minister Evan Solomon unveils fresh AI project funding to address “crisis moment” at Scale AI event
Twenty-three Québec-led projects will receive almost $100 million in combined public-private funding.
No meetings, no mandates: Inside Intuit’s five-day innovation week for technologists
During Intuit’s Global Engineering Days, teams transform ideas into solutions for millions.
Founders need a good reason to forgo an AI strategy, VCs warn at Startupfest
Investors say proving long-term differentiation is more important than ever as AI saturates the market.
Opennote raises $850,000 USD, secures Y Combinator spot for edtech platform
The three student founders plan to build stateside.
Cobionix secures $4.1 million to commercialize its collaborative medical robot
Funding to support pilot projects that move CODI the robot “from bench to bedside.”
Most Canadian companies are walking the AI adoption race: report
Canadian execs report uneven efficiency gains from AI and a lack of technical talent, Georgian survey finds.